Thursday 11 August 2016

Indices closed UP .46% to .64%....NICE !!!!

Indices closed UP

S&P 500 @ 2185.79, high 2188.45, low 2177.97

RSI @ 63.80

CMF @ 0.269

Internals were :

UP volume led by 2.97 to 1 in NYSE & 2.41 to 1 in Nasdaq

Advancing stocks led by 1.63 to 1 in NYSE & 1.76 to 1 in Nasdaq

Net new 52 wk highs were leading by 205 in NYSE & 123 in Nasdaq

VIX Down 3.07% @ 11.68

Oil @ $43.49

Gold @ $1350.00

In my portfolio...Bought AKS @ $5.33

Stocks which were UP 1% or more included CNQ JCP UA
BIDU SPLK LULU TWTR SU NFLX YHOO SINA
DNKN YUM CHK SWN TK SSYS RIG FEYE
LNG BABA SPWR MU AAL M TCK
DATA MGA GS......

AH ER....NVDA UP 2.38%, JWN UP 10.77%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was strong and all major indices closed @ new all time highs, this has not happened since December 1999. Earnings are giving boost to this market and oil was strong today, on hope of Saudi cutback in production from record level. 

Before open JCP will report, here are the expectations :

Sales $2.93 billion, EPS loss of 15 cents

Expectations of next Q sales $2.97 billion, EPS loss of 20 cents

Market is expecting a move of 13.8% UP or Down, i am hoping of an UP move.

BLOG does NOT give buy or sell.

Saleem 

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